U.S. Incomes Up, Poverty Rate Down in 2019
Median household income climbed 6.8% from 2018-while the poverty rate was 10.5%, a drop of 1.3 percentage points-in the final year of the country's decadelong economic expansion.
U.S. Stocks Open Higher as Tech Shares Extend Rally
The Dow industrials and S&P 500 ticked up Tuesday as tech shares continued to climb in the wake of a flurry of M&A activity in the sector.
Industrial Production Points to Slowing Manufacturing Recovery
U.S. industrial production rose for the fourth consecutive month in August but at a much lower rate than earlier in the summer.
China's Economy Picks Up Speed as Shoppers, Moviegoers Return
China's economic recovery accelerated in August, with retail sales, the last noncooperative component, returning to pre-coronavirus levels by showing their first month of growth this year.
Ernst & Young Says Auditors Should Play Bigger Role in Detecting Fraud
Under fire for missing a suspected fraud that blew up Wirecard, Ernst & Young says auditors should play a bigger role in detecting such wrongdoing, challenging a longstanding assertion in the accounting industry.
Chinese Companies in Pentagon Spotlight Hire Global Banks to Sell Dollar Bonds
ChemChina and Three Gorges, designated by the U.S. Defense Department as "Communist Chinese military companies," are pursuing bond deals with the help of Western banks.
The Chinese Are Spending Again
China's consumers have emerged from their protective crouch. That removes one worry about the recovery but could stoke Sino-U.S. tensions.
Some Democrats Call for Coronavirus Stimulus Bill Before Election Day
Many House Democrats are raising pressure on party leaders to break the logjam with the White House on coronavirus aid, eager to pass a bill before Election Day even with further concessions to Republicans.
German Stocks Show Strength in Europe's Battered Market
German stocks have outpaced European rivals since the coronavirus-driven market selloff bottomed out in March, reflecting the advantages of strong balance sheets and exports to China.
Coronavirus Legal Fight Between Insurers and Businesses Goes Global
A U.K. court considered whether business-interruption policies are clearly worded, Australian insurers want to know whether a 100-year-old law that no longer exists excludes the pandemic, and a French court found in favor of a restaurant owner who sued for cover over government-ordered lockdowns.